Antero resources corporation (AR)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Dec'12
Assets
Current assets:
Cash and cash equivalents

-

-

-

-

-

-

-

50

23

28

23

40

-

31

18

28

39

23

27

143

185

245

6

19

12

17

11

18

Accounts receivable

91

46

29

49

48

51

46

35

26

34

43

16

36

29

59

71

78

79

60

79

118

116

66

46

27

30

33

21

Accounts receivable, related parties

-

125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable - short-term portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

-

3

4

Accrued revenue

201

317

281

308

365

474

354

321

279

300

233

218

220

261

196

133

136

128

115

125

165

191

144

139

145

96

86

46

Derivative instruments

816

422

411

346

122

245

493

420

459

460

299

452

237

73

417

429

975

1,009

834

664

713

692

280

175

130

183

204

160

Other current assets

10

10

7

7

8

35

12

6

10

8

10

8

9

6

3

6

8

8

1

4

4

5

4

5

4

5

20

22

Total current assets

1,120

922

729

713

544

806

906

834

800

833

610

735

503

402

695

669

1,238

1,248

1,040

1,017

1,188

1,252

502

387

321

333

359

274

Property and equipment:
Oil and gas properties, at cost (successful efforts method):
Unproved properties

1,289

1,368

1,406

1,585

1,701

1,767

1,928

2,108

2,265

2,266

2,305

2,309

2,330

2,331

2,449

1,984

1,994

1,996

2,072

2,080

2,053

2,060

1,915

1,677

1,543

1,513

1,420

1,243

Proved properties

12,154

11,859

11,568

13,357

13,056

12,705

12,306

11,924

11,471

11,096

10,779

10,493

9,942

9,549

9,180

8,794

8,531

8,211

7,805

7,462

7,013

6,515

5,605

4,881

4,191

3,621

3,199

1,682

Water handling and treatment systems

-

-

-

-

-

1,013

993

979

974

946

891

840

771

744

681

655

582

565

517

441

433

421

390

346

290

231

-

6

Gathering systems and facilities

5

5

5

17

17

2,470

2,384

2,255

2,132

2,050

1,977

1,884

1,785

1,723

1,656

1,596

1,543

1,502

1,448

1,341

1,270

1,197

1,064

873

713

584

455

168

Other property and equipment

72

71

70

69

68

65

62

60

59

57

54

48

42

41

45

44

46

46

45

42

41

37

32

34

26

15

12

9

Property and equipment, gross

13,522

13,306

13,051

15,030

14,844

18,023

17,675

17,329

16,903

16,417

16,008

15,577

14,871

14,390

14,014

13,075

12,698

12,321

11,889

11,368

10,812

10,232

9,009

7,812

6,764

5,966

5,089

3,110

Less accumulated depletion, depreciation, and amortization

3,527

3,327

3,136

4,115

3,872

4,153

3,890

3,647

3,410

3,182

2,973

2,767

2,566

2,363

2,176

1,977

1,780

1,589

1,427

1,238

1,061

879

722

601

498

407

331

173

Property and equipment, net

9,994

9,978

9,914

10,915

10,971

13,869

13,784

13,681

13,493

13,235

13,035

12,809

12,305

12,026

11,837

11,097

10,917

10,732

10,461

10,129

9,750

9,352

8,286

7,211

6,266

5,559

4,757

2,937

Operating leases right-of-use assets

2,814

2,886

3,230

3,330

3,433

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments

284

333

405

369

313

362

672

763

760

841

876

1,600

1,811

1,731

2,015

1,673

2,098

2,108

2,007

1,305

1,453

899

458

354

500

677

503

371

Investments in unconsolidated affiliates

291

1,055

1,819

1,967

1,989

433

392

358

321

303

287

259

230

68

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable - long-term portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

Other assets

20

21

21

34

35

47

45

52

47

48

38

36

37

26

81

117

34

26

67

80

90

68

67

91

45

42

51

32

Total assets

14,525

15,197

16,120

17,330

17,288

15,519

15,802

15,690

15,422

15,261

14,849

15,442

14,888

14,255

14,629

13,558

14,288

14,115

13,577

12,532

12,481

11,573

9,315

8,045

7,134

6,613

5,672

3,618

Liabilities and Equity
Current liabilities:
Accounts payable

37

14

32

44

48

66

91

96

73

62

47

51

37

38

172

211

250

69

337

326

352

531

598

500

428

370

311

181

Accounts payable, related parties

88

97

100

98

110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

367

400

392

358

384

465

457

438

422

443

429

418

416

393

245

201

241

488

202

183

235

168

178

116

125

77

103

58

Revenue distributions payable

174

207

231

301

301

310

245

211

237

209

220

203

198

163

172

135

132

129

161

190

183

182

169

154

136

96

68

46

Derivative instruments

-

6

-

0

3

0

10

30

41

28

4

3

54

203

3

2

-

-

-

-

-

-

-

11

17

0

0

-

Short-term lease liabilities

295

305

409

413

413

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

25

Deferred income tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

315

251

269

-

106

71

43

69

78

62

Other current liabilities

7

6

4

4

4

8

8

11

14

17

15

16

16

17

19

19

19

19

9

14

13

12

10

6

9

8

-

2

Total current liabilities

971

1,040

1,171

1,221

1,266

853

813

788

789

762

717

693

723

817

611

569

645

707

1,025

966

1,053

894

1,064

860

760

622

586

376

Long-term liabilities:
Long-term debt

3,707

3,758

3,703

3,602

3,475

5,461

5,487

5,288

4,876

4,800

4,510

5,291

4,775

4,703

4,759

4,244

4,702

4,668

4,406

4,500

4,172

4,362

4,137

3,370

2,535

2,078

2,970

1,444

Deferred income tax liability

672

781

916

1,188

1,171

650

782

763

788

779

1,180

1,100

1,081

950

1,215

1,063

1,439

1,370

978

706

772

794

318

218

263

278

202

91

Derivative instruments

0

3

-

-

-

-

-

-

-

0

0

0

0

0

0

5

0

-

-

0

-

-

-

30

-

-

-

-

Long-term lease liabilities

2,520

2,583

2,823

2,920

3,024

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

60

58

59

57

56

63

48

47

46

43

52

53

54

55

61

75

80

82

55

49

49

47

44

41

40

35

34

33

Total liabilities

7,933

8,226

8,673

8,991

8,995

7,031

7,131

6,887

6,501

6,385

6,461

7,139

6,634

6,526

6,648

5,957

6,868

6,828

6,466

6,223

6,047

6,099

5,564

4,521

3,601

3,014

3,794

1,945

Commitments and contingencies (Notes 13 and 14)

-

-

-

-

-

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

0

-

-

0

-

0

-

-

Equity:
Preferred stock, $0.01 par value; authorized - 50,000 shares; none issued

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

Members' equity of Antero Resources LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,460

1,460

Common stock, $0.01 par value; authorized - 1,000,000 shares; 295,941 shares and 268,926 shares issued and outstanding at December 31, 2019 and March 31, 2020, respectively

2

2

3

3

3

3

3

3

3

3

3

3

3

3

3

3

2

2

2

2

2

2

2

2

2

2

-

-

Additional paid-in capital

6,091

6,130

6,124

6,138

6,133

6,485

6,611

6,597

6,588

6,570

6,564

6,435

6,407

5,299

5,131

5,022

4,251

4,122

4,122

4,099

4,078

3,513

3,488

3,463

3,431

3,402

-

-

Accumulated earnings

498

837

1,319

2,198

2,156

1,177

1,299

1,453

1,589

1,575

1,088

1,223

1,228

959

1,445

1,207

1,803

1,808

1,650

1,116

1,261

867

260

56

99

193

416

212

Total equity

6,592

6,970

7,446

8,339

8,292

7,665

7,913

8,054

8,181

8,149

7,655

7,661

7,638

6,262

6,580

6,233

6,058

5,934

5,775

5,218

6,434

4,383

3,751

3,523

3,533

3,598

1,877

1,673

Noncontrolling interests in consolidated subsidiary

-

-

-

-

-

821

757

748

739

726

731

641

615

1,465

1,399

1,367

1,362

1,352

1,334

1,090

1,091

1,090

-

-

-

-

-

-

Total equity

-

-

7,446

8,339

8,292

8,487

8,671

8,802

8,921

8,876

8,387

8,302

8,253

7,728

7,980

7,600

7,420

7,286

7,110

6,309

5,342

5,473

-

-

-

3,598

-

-

Total liabilities and equity

14,525

15,197

16,120

17,330

17,288

15,519

15,802

15,690

15,422

15,261

14,849

15,442

14,888

14,255

14,629

13,558

14,288

14,115

13,577

12,532

12,481

11,573

9,315

8,045

7,134

6,613

5,672

3,618